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Bahrain bourse follows fickle GCC trend
May 20, 2014--The Manama-based Bahrain All-Share Index slipped 0.30 per cent to 1,450.44 points on Tuesday, May 20.
Esterad gained the most, finishing 3.96 per cent higher at BHD0.21. Bank of Bahrain and Kuwait posted the biggest drop, ending off by 1.86 per cent to BHD0.422.
Qatar's Barwa Real Estate with new CEO
20, 2014--The Qatar Exchange 20 Index dipped by another 0.42 per cent to 12,734.15 points on Tuesday, May 20.
Earlier in the day, Michael Levy, Investment Manager at Baring Asset Management said the effect on the MSCI Emerging Markets Index is likely to be modest, with a probable weighting of just over 1% for the Qatar...
Abu Dhabi listed shares dive across the board
May 20, 2014--The Abu Dhabi stock market index ADXGI declined by 2.46 per cent to 4,749.87 points on Tuesday, May 20.
Invest Bank posted the biggest advance, ending 10 per cent higher at AED3.30. Fish producer Asmak plummeted by 9.70 per cent to AED6.05. Aldar Properties was the most liquid share, ending off by 0.18 per cent...
Dubai market loses 12 per cent in one week
May 20, 2014--After opening with small gains, the Dubai Financial Market General Index (DFMGI) fell for the fifth session straight on Tuesday, May 20, closing 4.11 per cent lower at 4,655.71 points.
Emaar lost by 3.65 per cent to reach AED9.25. The UAE's first developer and market bellwether lost AED1 since the start of the week. Arabtec...
GCC remains main growth engine in Mena: report
May 20, 2014--Qatar National Bank Group (QNB) has said that GCC countries continue to be the main engine of economic growth in the Middle East and North Africa (MENA), with Qatar leading the way, Saudi Gazette has reported.
Real GDP growth in the GCC registered an estimated 4.1% in 2013 with the highest growth rate in Qatar (6.5%), compared with 2.7% for the rest of the MENA region.
Dar Al Arkan kicks off sukuk roadshow
May 19, 2014--The Saudi Arabian stock market Tadawul saw its market index falling by 0.90 per cent to close at 9,724.75 points.
The shares of Dar Al Arkan Real Estaet Development gained against the trend, closing 0.76 per cent higher at SAR14.60. Earlier in the day, the property giant revealed that, further to the announcements May 20,...
NASDAQ Dubai-listed shares end mixed
May 19, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 4.42 per cent lower at 4,396.74 points on Monday, May 19.
Market bellwether Dubai Ports (DP) World fell by 1.50 per cent to $19.65. Interior design firm DEPA Limited bucked the trend by gaining 2.34 per cent, finishing at $0.656.
Abu Dhabi bourse slashes more than two per cent
May 19, 2014--The Abu Dhabi stock market index (ADXGI) lost 2.34 per cent to hit 4,869.57 points on Monday, May 19, representing a two-month low.
Like at its sister market in Dubai, shares lost across the board at the ADX, as only four stocks advanced, while 26 declined. Weak input from Asian markets after disappointing data from...
Dubai market plummets by more than five per cent
May 19, 2014--Only the closing bell at 2pm (local time) prevented a 'bloodbath' at the Dubai Financial Market, with its general index (DFMGI) falling for the fourth session straight on Monday, May 19, closing 5.46 per cent lower at 5,855.50 points.
Emaar dived 6.34 per cent to hit AED9.60. Arabtec, as the most liquid share, headed down...
S&P affirms Egypt's ratings
May 18, 2014--Global credit ratings agency, Standard and Poor's (S&P) has affirmed Egypt's long term and short-term foreign and local currency sovereign credit ratings, with 'Stable' outlook, Daily News Egypt has reported.
"The affirmation reflects our view that official donors will continue to provide the Egyptian government sufficient foreign currency funds to manage the country's short-term fiscal...